Direxion Daily NVDA Bull 2X Shares Sees Significant Decline in Short Interest

Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU - Get Free Report) experienced a noteworthy decrease in short interest during the month of February. As of February 15th, the total short interest was recorded at 338,500 shares, marking a substantial decline of 51.7% from the January 31st total of 700,400 shares. Given the average daily trading volume of 1,194,300 shares, the current days-to-cover ratio stands at just 0.3 days.

Institutional Trading Changes for Direxion Daily NVDA Bull 2X Shares

Multiple large institutional investors have recently adjusted their holdings in NVDU. For instance, SBI Securities Co. Ltd. established a new stake in Direxion Daily NVDA Bull 2X Shares during the fourth quarter, with an investment of around $4,593,000. Likewise, Optiver Holding B.V. increased its stake dramatically by 2,158.3% in the same quarter, now holding 42,389 shares valued at $3,967,000 after acquiring an additional 40,512 shares. Jane Street Group LLC also raised its shareholding by 54.8% in the fourth quarter, resulting in an ownership of 81,848 shares valued at $7,660,000 following the purchase of another 28,963 shares. In addition, Flow Traders U.S. LLC initiated a new position during the third quarter, valued at approximately $2,165,000, while NorthRock Partners LLC secured a new stake in the fourth quarter worth about $1,517,000.

Stock Performance of Direxion Daily NVDA Bull 2X Shares

On Friday, shares of NASDAQ NVDU rose by $5.12, reaching a trading price of $72.60. Around 1,962,345 shares were traded, which is higher than the average trading volume of 1,493,935 shares. Presently, the company's fifty-day simple moving average is $89.81, and the two-hundred day simple moving average is $101.04. Over the past year, Direxion Daily NVDA Bull 2X Shares has recorded a low of $44.91 and a high of $146.87.

Dividend Announcement from Direxion Daily NVDA Bull 2X Shares

The company also announced a dividend recently, which was distributed on Tuesday, December 31st. Shareholders on record as of Monday, December 23rd, received a dividend of $0.6505 per share. The ex-dividend date was also set for Monday, December 23rd.

About Direxion Daily NVDA Bull 2X Shares

(Get Free Report) The Direxion Daily NVDA Bull 2X Shares (NVDU) is an exchange-traded fund that primarily invests in information technology stocks. This fund provides 2x leveraged exposure, minus fees and expenses, to the daily price movements associated with NVIDIA shares. NVDU was launched on September 13, 2023, by Direxion.

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Your Investment Considerations with Direxion Daily NVDA Bull 2X Shares

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